Pipe secures new $100m credit facility from Victory Park Capital
Pipe says the facility “has the potential to upsize up to $200 million in the future”.
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Pipe says the facility “has the potential to upsize up to $200 million in the future”.
The new facility has been provided by US investment firm Victory Park Capital.
The facility is being provided by Chicago-based investment firm Victory Park Capital.
In addition, the company has also raised $20 million in new equity financing from its existing investors.
Once approved, small businesses will have instant access to up to $75,000 of working capital.
The companies have announced the mutual termination of a previously announced acquisition agreement.
The two parties claim the deal will be finalised later this year.